Divisions between European countries deepen on energy prices
Divisions deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on the bloc’s response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed European gas prices have hit record highs in the autumn and remain at lofty levels, prompting most EU countries to respond with emergency measures like price caps and subsidies to help trim consumer energy bills.
Countries are struggling to agree, however, on a longer-term plan to cushion against fossil-fuel price swings, which Spain, France, the Czech Republic and Greece say warrant a bigger shake-up of the way EU energy markets work. Those countries will make the case on Tuesday for proposals that include decoupling European electricity and gas prices, joint gas buying among countries and, in the case of a few countries including Poland, delaying planned climate change policies.
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